The SEC does allow general solicitation under Title II rule 506(c), however an investor must verify their accreditation before they can invest.

Since you are a realtor and many property management companies have specific guidelines on income/credit, I would suggest he looks for a private landlord who may be more willing to work with him and over look his low credit score and base the decision on his income alone..Many private landlord in my area don't check credit they are just concerned with the tenant being able to afford the unit and base the decision on verifiable income/paystubs.

You should find this person and verify that the can come in the middle of the night BEFORE you ever have a problem.

Your $8k closing costs seem low, including your prepaids, verify them.

How do you verify the buyer has funds and is willing, ready and able to close on a house so you dont waste your time?

Get an excellent inspector or contractor that has dealt with fire damaged buildings to go through the building with you to verify.

@Frank Scala Lacking actual tax returns and verified expenses and income, you should count on at least 50% of income to go to expenses other than financing costs.

Sometimes an agreed upon price range contingent up on verifying condition and/or lien issues.

You do not have to claim they are inaccurate, you can simply request that the CRA verify the information.

I had no way of verifying this one way or the other.